Refer to the information provided in Figure 13.1 below to answer the question that follows.
Figure 13.1Refer to Figure 13.1. Of the following choices, Panel A best represents the demand curve for
A. Dell computers.
B. an individual producer of soybeans.
C. insulin.
D. all of the above
Answer: A
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Which of the following countries received the largest amount of emigrant remittances in 2011?
A. India B. Mexico C. Philippines D. China
If the interest rate received in Mexico is greater than that obtained in the United States,
A) the demand for loans will increase in Mexico. B) the supply of loans will decrease in the United States. C) the supply of loans will decrease in Mexico. D) the demand for loans will decrease in the United States.
Perfect competition and monopolistic competition are similar in this one respect:
a. firms make zero economic profit in the long run b. firms produce at the lowest point on their ATC curves c. there are few firms in each industry d. entry is difficult e. firms produce differentiated products
Financial markets are:
A. a powerful tool for the efficient allocation of scarce resources. B. in many ways the purest expression of the market mechanism. C. a global marketplace where sophisticated investors make billion-dollar decisions. D. All of these statements are true.